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Oregon officials and campus financial‑aid leaders warn HR 1 student‑loan caps, accountability and repayment changes could reduce borrowing and complicate aid
Summary
State financial‑regulation officials, the student‑loan ombuds and university financial‑aid directors told lawmakers that HR 1’s graduate loan caps, loan proration, new accountability standards and repayment changes are likely to reduce borrowing options, increase private lending risk and create administrative burdens for servicers and institutions.
Andrew Smalley, senior policy specialist at NCSL, told the committee HR 1 imposes new loan limits (examples provided for graduate and Parent PLUS loans), authorizes institutions to set lower program‑level loan limits, and creates federal accountability tests that could bar programs from loan eligibility if earnings for completers are too low relative to comparison cohorts.
Jesse O’Brien, policy manager for the Division of Financial Regulation at Oregon’s Department of Consumer and Business Services, described the state’s…
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